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Apr 17, 2025
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CSX Corp. eased 0.04% to $27.34 after the rail transportation services provider reported first quarter 2025 results.
Revenue declined 7% to $3.42 billion from $3.68 billion, net earnings edged down 27% to $646 million from $880 million, and diluted earnings per share dropped 24% to 34 cents from 45 cents a year ago.
Total cargo volume of 1.52 million units for the quarter was 1% lower compared to 1.53 million units in the prior year, while intermodal volume was 2% higher at 0.72 million from 0.70 million a year ago.
The rail services company said the constantly shifting tariff landscape is adding uncertainty to a soft automotive market. -
Citigroup Inc. gained 0.6% to $63.58 after the banking company reported results for the first quarter of 2025.
Revenue increased 3% to $21.60 billion from $21.02 billion, net income jumped 21% to $4.06 billion from $3.37 billion, and diluted earnings per share rose to $1.96 from $1.58 a year ago.
The company’s operating expenses were down 5% to $13.4 billion compared to the prior year.
The financial services company returned a total of approximately $2.8 billion to common shareholders during the quarter in the form of dividends and share repurchases. -
The Goldman Sachs Group Inc. eased 0.4% to $502.06 after the financial service reported first-quarter 2025 results.
Revenue climbed to $15.06 billion from $14.21 billion, net earnings edged up to $4.58 billion from $3.93 billion, and diluted earnings per share rose to $14.12 from $11.58 a year ago.
Operating expenses were $9.13 billion in the quarter, 5% higher than the same period a year earlier and 10% higher than the fourth quarter of 2024.
Equities revenue increased to $4.19 billion from $3.31 billion, and investment banking fees edged down to $1.92 billion from $2.08 billion a year earlier.
Commissions and fees in the quarter jumped to $1.23 billion from $1.08 billion a year ago.
Total assets under supervision climbed to $3.17 trillion from $2.85 trillion, with equity increasing to $771 billion from $713 billion and fixed income rising to $1.22 trillion from $1.14 trillion a year ago.
The company proposed a dividend of $3.00 per share, payable on June 27 to shareholders on record as of May 30.
In addition, Goldman Sachs approved a share repurchase program for up to $40 billion of common stock.
During the first quarter, the bank repurchased $4.36 billion of its common stock, 7.1 million shares at an average cost of $610.57, and paid $976 million in dividends. -
The Children’s Place Inc. plunged 6.3% to $6.35 after the struggling children’s specialty retailer reported results for the fiscal fourth quarter of 2024 ending in February.
Net sales declined to $408.56 million from $455.03 million, net loss shrank to $7.99 million from a loss of $128.84 million, and diluted loss per share narrowed to 62 cents from a loss of $10.24 a year ago.
For the full year, revenue edged down to $1.39 billion from $1.60 billion, net loss narrowed to $57.82 million from a loss of $154.54 million, and diluted loss per share shrank to $4.53 from a loss of $12.34 a year earlier.
The company reported “the lowest level of selling, general, and administrative spending in more than 15 years during the fourth quarter and full year.”
“Looking ahead for fiscal 2025, we remain determined to deliver profitable top-line sales as we continue to refine our omni-channel strategy and rebalance our product mix by offering relevant products that resonate with parents,” Muhammad Umair, the company’s president and interim CEO, said in a release to investors. -
Fastenal Co. dropped 0.1% to $80.53 after the distributor of industrial and construction supplies reported results for the fiscal first quarter of 2025 ending in March.
Net sales increased 3.4% to $1.96 billion from $1.89 billion, net income inched up 0.3% to $298.7 million from $297.7 million, and diluted earnings per share remained flat at 52 cents per share compared to a year ago.
The company returned $246.7 million to shareholders in the form of dividends during the quarter, compared to $223.2 million a year earlier. -
Bank of New York Mellon Corp. traded flat at $77.67 after the bank reported results for the fiscal first quarter ending in March.
Revenue surged to $4.79 billion from $4.53 billion, net income edged up to $1.15 billion from $953 million, and diluted earnings per share rose to $1.58 from $1.25 a year ago.
The company returned $343 million of dividends and made $746 million in share repurchases during the quarter. -
Morgan Stanley gained 0.05% to $108.18 after the banking company reported fiscal first quarter 2025 results ending in March.
Revenue surged to $17.74 billion from $15.14 billion, net income jumped to $4.31 billion from $3.41 billion, and diluted earnings per share rose to $2.60 from $2.02 a year ago.
Total client assets increased to $7.7 trillion across the wealth and investment management divisions, supported by $94 billion in net new assets, the company said in a release to investors.
The company repurchased $1.0 billion in shares during the quarter and proposed a quarterly dividend of 92.5 cents per share, payable on May 15 to shareholders on record as of April 30. -
BlackRock Inc. eased 0.1% to $878.00 after the investment management company reported results for the fiscal first quarter of 2025 ending in March.
Revenue edged up to $5.28 billion from $4.73 billion, net income dropped to $1.51 billion from $1.57 billion, and diluted earnings per share declined to $9.64 from $10.48 a year ago.
Assets under management rose 11% in the quarter to $11.58 trillion from $10.5 trillion a year earlier.
The company repurchased $375 million shares during the quarter and raised its quarterly cash dividend by 2% to $5.21 per share. -
Wells Fargo & Co. gained 0.1% to $62.59 after the banking company reported fiscal first quarter of 2025 results ending in March.
Revenue declined to $20.15 billion from $20.86 billion, net income jumped to $4.89 billion from $4.62 billion, and diluted earnings per share rose to $1.39 from $1.20 a year ago.
The company repurchased 44.5 million shares for $3.5 billion in the quarter. -
JPMorgan Chase & Co. jumped 4.2% to $236.29 after the banking company reported first quarter of 2025 results.
Net revenue edged up to $45.31 billion from $41.93 billion, net income jumped to $14.64 billion from $13.42 billion, and diluted earnings per share rose to $5.07 from $4.44 a year ago.
The company proposed a dividend of $1.40 per share or a total of $3.9 billion and announced $7.1 billion of common stock net repurchases.
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